SIPLUS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIPLUS
Largest movements
- Receivables within one year +€8,765
up €8,765 (+64.9%), from €13,501 to €22,266
- Cash +€6,282
up €6,282 (+111.3%), from €5,642 to €11,925
mainly Net result for the year (+€12,440) and Depreciation (+€2,091)
- Tangible fixed assets -€2,091
down €2,091 (-3.6%), from €58,144 to €56,053
- Profit (loss) carried forward +€12,440
up €12,440 (+18.8%), from -€66,001 to -€53,560
- Depreciation -€5,375
down €5,375 (-72.0%), from €7,466 to €2,091
- Gross operating margin +€4,231
up €4,231 (+32.7%), from €12,954 to €17,185
- Financial income -€411
down €411 (-46.3%), from €887 to €476
- Financial charges -€325
down €325 (-85.4%), from €381 to €55
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,692 | €90,671 | +€12,978 | +16.7% |
| Fixed assets | 21/28 | €58,144 | €56,053 | -€2,091 | -3.6% |
| Tangible fixed assets | 22/27 | €58,144 | €56,053 | -€2,091 | -3.6% |
| Land and buildings | 22 | €58,144 | €56,053 | -€2,091 | -3.6% |
| Current assets | 29/58 | €19,548 | €34,617 | +€15,069 | +77.1% |
| Amounts receivable within one year | 40/41 | €13,501 | €22,266 | +€8,765 | +64.9% |
| Other amounts receivable | 41 | €13,501 | €22,266 | +€8,765 | +64.9% |
| Cash at bank and in hand | 54/58 | €5,642 | €11,925 | +€6,282 | +111.3% |
| Deferred charges and accrued income | 490/1 | €405 | €426 | +€22 | +5.4% |
| Total equity and liabilities | 10/49 | €77,692 | €90,671 | +€12,978 | +16.7% |
| Equity | 10/15 | €76,920 | €89,360 | +€12,440 | +16.2% |
| Contributions | 10/11 | €139,316 | €139,316 | = | 0.0% |
| Capital | 10 | €139,316 | €139,316 | = | 0.0% |
| Issued capital | 100 | €139,316 | €139,316 | = | 0.0% |
| Reserves | 13 | €3,605 | €3,605 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,745 | €1,745 | = | 0.0% |
| Legal reserve | 130 | €1,745 | €1,745 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,001 | -€53,560 | +€12,440 | +18.8% |
| Amounts payable | 17/49 | €772 | €1,310 | +€538 | +69.7% |
| Amounts payable within one year | 42/48 | €772 | €1,310 | +€538 | +69.7% |
| Trade debts | 44 | €772 | €1,310 | +€538 | +69.7% |
| Suppliers | 440/4 | €772 | €1,310 | +€538 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,466 | €2,091 | -€5,375 | -72.0% |
| Other operating charges | 640/8 | €2,981 | €3,075 | +€94 | +3.2% |
| Non-recurring operating charges | 66A | €531 | - | -€531 | |
| Gross operating margin | 9900 | €12,954 | €17,185 | +€4,231 | +32.7% |
| Operating profit (loss) | 9901 | €1,975 | €12,020 | +€10,044 | +508.4% |
| Financial income | 75/76B | €887 | €476 | -€411 | -46.3% |
| Recurring financial income | 75 | €887 | €476 | -€411 | -46.3% |
| Financial charges | 65/66B | €381 | €55 | -€325 | -85.4% |
| Recurring financial charges | 65 | €381 | €55 | -€325 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €2,481 | €12,440 | +€9,959 | +401.3% |
| Profit (loss) for the period | 9904 | €2,481 | €12,440 | +€9,959 | +401.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,481 | €12,440 | +€9,959 | +401.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.